NMI Holdings, Inc.
NMI Holdings, Inc. (Nasdaq: NMIH) provides private mortgage insurance through its insurance subsidiaries, principally National Mortgage Insurance Corporation, which is approved by Fannie Mae and Freddie Mac and licensed in all 50 states and the District of Columbia. Its coverage protects lenders and investors against… From the company’s description.
Over the twelve months to Sep 30, 2026, NMI Holdings, Inc. reported revenue of $739.65M, up 6.9% from a year earlier, and net income of $392.81M. Its operating margin was 72.0%, and operations generated $431.41M in cash. In fiscal 2025, it reported revenue of $706.44M, up 8.5% from fiscal 2024, and net income of $388.93M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What NMI Holdings, Inc. does
In the company’s own words
NMI Holdings, Inc. (Nasdaq: NMIH) provides private mortgage insurance through its insurance subsidiaries, principally National Mortgage Insurance Corporation, which is approved by Fannie Mae and Freddie Mac and licensed in all 50 states and the District of Columbia. Its coverage protects lenders and investors against a portion of default-related losses on residential mortgages, primarily first-lien loans with high loan-to-value ratios and down payments below 20%, and helps facilitate the sale of those loans in the secondary market. Customers include national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned and internet-based lenders, and other non-bank originators. The company also provides outsourced loan review services to mortgage originators through National Mortgage Insurance Services, reviewing loan data and documentation against lender or GSE underwriting guidelines. NMI Holdings began operations in 2012 and wrote its first mortgage insurance policy in 2013. At December 31, 2025, it had issued master policies to 2,193 customers and insured $221.4 billion of primary loans.
Company details
- Sector
- Financials
- Industry (SIC)
- Insurance
- Headquarters
- EMERYVILLE, CA
- Fiscal year end
- December
- CIK
- 1547903
- SIC
- 6351
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns NMI Holdings, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · NMI Holdings, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
NMI Holdings, Inc.’s bonds, as funds hold them
Funds report holding 1 issues of NMI Holdings, Inc.’s debt, $106.74M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.00%, maturing 2029 to 2029.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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